JPMorgan Global Select Equity ETF (NASDAQ:JGLO) Sees Large Decline in Short Interest

JPMorgan Global Select Equity ETF (NASDAQ:JGLO) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 7,762 shares, a decline of 84.0% from the September 30th total of 48,365 shares. Based on an average daily trading volume, of 202,272 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new position in JPMorgan Global Select Equity ETF in the second quarter worth $25,000. Harbor Investment Advisory LLC purchased a new position in shares of JPMorgan Global Select Equity ETF in the 1st quarter worth about $26,000. Root Financial Partners LLC bought a new position in shares of JPMorgan Global Select Equity ETF during the 3rd quarter valued at about $48,000. Capital Analysts LLC raised its holdings in shares of JPMorgan Global Select Equity ETF by 99.3% during the 2nd quarter. Capital Analysts LLC now owns 811 shares of the company’s stock valued at $58,000 after buying an additional 404 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of JPMorgan Global Select Equity ETF by 1,361.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,228 shares of the company’s stock valued at $83,000 after buying an additional 1,144 shares in the last quarter.

JPMorgan Global Select Equity ETF Stock Performance

JGLO stock traded up $0.06 during midday trading on Thursday, reaching $71.90. 45,406 shares of the company’s stock traded hands, compared to its average volume of 207,032. The firm has a market capitalization of $6.29 billion, a PE ratio of 23.79 and a beta of 0.84. The company has a 50-day moving average price of $72.76 and a two-hundred day moving average price of $70.51. JPMorgan Global Select Equity ETF has a 52 week low of $63.17 and a 52 week high of $74.89.

JPMorgan Global Select Equity ETF Company Profile

The JPMorgan Global Select Equity ETF Global Select Equity ETF (JGLO) is an exchange-traded fund that mostly invests in total market equity. The fund seeks long-term capital appreciation through an active management that invests in stocks of any capitalization located in both developed and emerging markets. The selection process integrates ESG factors. JGLO was launched on Sep 13, 2023 and is issued by JPMorgan Chase.